5
#000000
#FFFFFF
Economy
214 House Republicans Just Tried to Give 'Mad King' Trump Even More Tariff Powers
"The trade powers Trump is illegally usurping are expressly granted to Congress under the Constitution," said Rep. Don Beyer.
Feb 11, 2026
Republicans in the US House on Tuesday tried—and narrowly failed—to advance a measure containing language that would have temporarily blocked votes on resolutions disapproving of President Donald Trump’s tariffs.
Democrats voted unanimously to defeat the measure, and were joined by just three House Republicans—Don Bacon of Nebraska, Thomas Massie of Kentucky, and Kevin Kiley of California—in a final vote of 214 in favor to 217 opposed.
As reported by MS NOW, House Republicans tucked language preventing challenges to Trump's tariff policies into a rule setting up floor consideration for legislation related to US energy security.
While a similar provision was passed in the House in September before expiring at the end of January, Speaker Mike Johnson (R-La.) was unable to cobble together votes to get it passed this time.
Rep. Don Beyer (D-Va.) celebrated what he described as a "heartening" victory, while expressing concern that the vast majority of Republicans were comfortable letting the president take their constitutionally mandated power over taxation.
"Most Republicans again tried to surrender Congress’ power as a coequal branch of government to check a president who is behaving like a mad king," Beyer wrote in a social media post. "The trade powers Trump is illegally usurping are expressly granted to Congress under the Constitution."
Matt Fuller, director of congressional reporting at MS NOW, similarly argued that "it's a lot more notable to me that 214 House Republicans voted to hand Donald Trump unchecked authority to levy tariffs until August than it is that three House Republicans said 'no.'"
While Tuesday's vote suggests a narrowly divided House, Punchbowl News co-founder Jake Sherman argued that it actually represented a "watershed moment" that could open the door to several defeats for the Trump administration on the House floor in the coming days, as Democrats prepare to hammer the GOP with tariff disapproval resolutions.
"Now Democrats have the opportunity to force unlimited votes on the president's global tariffs, putting Republicans on the spot all the time," Sherman explained in a Wednesday social media post. "If Dems handle this well, this is going to get bad for rank and file House Republicans. And it will piss off Trump."
Sherman's assessment of the situation was echoed by the Wednesday edition of Politico Playbook, which noted that Rep. Gregory Meeks (D-NY) is already teeing up a resolution to overturn Trump's tariffs against Canada that is set for a vote on Wednesday afternoon.
"Given the current mood in the House—every single Dem showed up to vote last night, while plenty of Republicans are uncomfortable with tariffs—Johnson looks all but certain to lose," Politico declared.
Matt Maasdam, a Democratic US House candidate running in Michigan's 7th Congressional District, started putting pressure on incumbent Rep. Tom Barrett (R-Mich.) the morning after the Michigan Republican voted to protect Trump from tariff resolutions.
"Tom Barrett has voted over and over to protect the Trump tariffs that make costs go up," wrote Maasdam on social media. "The tariffs on Canada hit Michigan hard. Auto parts for a car made here cross the border multiple times—in a trade war, it’s our workers and businesses who get hurt."
Keep Reading
Show Less
'If This Is the Greatest Economy in the History of the World,' Says Bernie Sanders, 'God Help Us'
"The billionaires who sat behind Trump at his inauguration: Yeah, the economy is the best ever for them," said Sen. Bernie Sanders. "But for the average working person, not quite the case."
Feb 11, 2026
US Sen. Bernie Sanders responded incredulously on Tuesday to President Donald Trump's claim that the nation's economy under his stewardship is "the greatest... actually ever in history," despite surging personal and business bankruptcies, plunging consumer sentiment, rising costs, and anemic job and wage growth.
In an appearance on MS NOW, Sanders (I-Vt.) said that "you wonder whether Trump is completely crazy and delusional or just a pathological liar, but the idea that anybody would believe that this is a great economy when 60% of our people are living paycheck to paycheck, when the cost of healthcare is going up, people can't afford housing, people can't afford their basic groceries, the childcare system is dysfunctional, people can't afford to go to college."
"If this is the greatest economy in the history of the world," the senator added, "God help us."
Watch:
Sanders' remarks came in response to Trump's interview Tuesday with Fox Business host Larry Kudlow, during which the president falsely claimed he has ushered in "the greatest period of anything that we've ever seen," including "the greatest economy actually ever in history."
While Trump and members of his class have seen their wealth surge to record levels during his second White House term, working-class Americans are struggling to make ends meet as the president's tariffs and assault on the social safety net drive up costs. One recent analysis estimated that the average US family paid $1,625 in higher costs last year as prices for groceries, housing, and other necessities continued to rise.
Trump's claim of an economic "golden age" in the US was also undermined by a new House Budget Committee report report showing that personal bankruptcy filings increased 11% last year, reaching levels not seen since 2019—during the president's first term in the White House. Those figures came on top of earlier data showing that business bankruptcies are at a 15-year high.
“Donald Trump’s reckless tariff taxes are driving up prices, hurting the economy, and leaving families to pay the price," Rep. Brendan Boyle (D-Pa.), the top Democrat on the House Budget Committee, said in a statement. "The only people benefiting in Donald Trump’s economy are his billionaire donors—everyone else is falling further behind.”
Sanders echoed that message during his MS NOW appearance late Tuesday, saying, "The billionaires who sat behind Trump at his inauguration: Yeah, the economy is the best ever for them."
"But for the average working person," Sanders said, "not quite the case."
Keep Reading
Show Less
Meet the $165 Billion 'Annoyance Economy' That Drives You Nuts—and Sucks Us Dry—All Year Long
"While seemingly minor, these little annoyances add up."
Feb 09, 2026
Corporate profits in the US have surged in recent decades, with subscription-based businesses reporting some of the biggest revenue growth as more Americans use streaming services and sign up for "subscribe and save" models in a quest for ease and convenience.
While promising consumers that subscribing to a service will save them money and time, subscription-based businesses have made canceling the services increasingly difficult, contributing to Americans spending 60% longer on the phone with customer service lines than they did two decades ago.
And although corporations hardly need the extra money, making cancellations more arduous for customers can boost their revenue by anywhere from 14% to over 200%, according to the think tank Groundwork Collaborative, which released a report Monday on what it calls "the annoyance economy."
The labyrinthine processes that millions of Americans face each year when they try to cancel subscription services is just one part of the annoyance economy, according to Groundwork, which detailed the seemingly endless time, money, and patience people spend "just trying to get basic things done"—as well as efforts by corporations and the Trump administration to make sure it stays that way.
While millions are struggling with the rising costs of groceries, healthcare, housing, childcare, and just about everything else, the report explains how—thanks to corporate greed and a White House intent on enabling it—Americans are also shelling out at least $165 billion per year in fees as well as lost time.
In addition to cancellation processes, the annoyance economy includes the $90 billion people across the US spend every year on junk fees when they buy concert tickets, make hotel reservations, and order food delivery; rental application fees that keep people from even attempting to move to new housing that could put them closer to work or school; and administrative healthcare tasks like obtaining coverage information and resolving questions about premiums and deductibles.
"While seemingly minor, these little annoyances add up," wrote Groundwork policy fellow Chad Maisel and Stanford University economist Neale Mahoney, the authors of the report, who cited a 2019 survey that found 1 in 4 respondents delayed getting healthcare or avoided it altogether specifically because of the administrative tasks they had to complete in order to get an appointment and make sure it was covered.
"All told, American workers collectively spend about $21.6-billion-worth of time each year dealing with healthcare administration, between calls, claims, explanations, and paperwork, according to a recent analysis."
Another new poll from Data for Progress found that nearly 80% of Americans reported "at least a little frustration" when coordinating their healthcare and filling out health insurance paperwork.
"All told, American workers collectively spend about $21.6-billion-worth of time each year dealing with healthcare administration, between calls, claims, explanations, and paperwork," reads the report, citing another recent analysis. "Polling confirms this: More than 1 in 3 Americans report dealing with health insurance headaches more than 20 times per year."
With frustration over health insurance companies' practices increasingly common, reads the report, "policymakers are missing important opportunities to take on a handful of egregious and particularly annoying practices."
Lawmakers could require insurance companies to make it easy for patients to fill out and submit claims online—instead of downloading, printing, and physically mailing claim forms with itemized receipts as Cigna requires patients to do.
Congress could also create a "healthcare sludge unit" to monitor and root out "needless friction throughout the healthcare experience."
Such a project could leverage tools "like 'blind shopper' experiments, public feedback lines, and direct engagement with industry to surface and fix barriers that waste patients’ time and erode trust."
The report also takes on the spam texts and calls that have become all-to-familiar to anyone with a cellphone.
"Text messaging, once reserved for conversation with friends and family, now resembles our email spam folders, dominated by unsolicited offers from companies, politicians, and fraudsters," wrote Maisel and Mahoney, who shared that on the day they wrote about spam in the report, "one of us received five spam calls, a text from 'Victoria' offering a $500-a-day job, and two breathless fundraising messages from political candidates we’ve never supported—or even heard of."
Those spam communications were some of the more than 130 million scam and illegal marketing calls Americans receive each day and the nearly 20 billion texts that were sent each month over the past year—leading "virtually all respondents" to Data for Progress' poll to report that the calls and texts are at least "a little frustrating" and 68% call them "very frustrating."
State and federal lawmakers could and should take action against spam calls and texts, said Maisel and Mahoney. Congress should modernize the Telephone Consumer Protection Act (TCPA), which was passed in 1991—well before companies began inundating Americans' inboxes with the newest robocalling and texting software.
"If a platform automatically dials from a stored list of numbers, it’s now exempt from the TCPA’s rules," reads the report. "The result: far more robocall and spam text operations can legally target people without their consent. Congress should update the definition of autodialer to include any callers and texters who automatically contact stored numbers, unless there’s real human involvement in sending each message."
Former President Joe Biden's Federal Communications Commission tried to close the "lead generator loophole,” which allows third-party marketers to collect people's contact information and sell it to dozens, sometimes hundreds, of businesses, but companies sued over the FCC's action and won in court.
President Donald Trump could issue an executive order directing federal agencies "to leverage all available resources and authorities to end robocalls and spam texts once and for all," said Maisel and Mahoney.
But the authors noted that the Trump administration's mass layoffs across the government would make enforcement more difficult.
"The Department of Justice also needs to prioritize enforcement against bad actors," they wrote. "While the FCC can levy fines for violations, it cannot pursue their collection without the DOJ. Of the eight robocalling forfeiture orders referred by the FCC, the DOJ has pursued only two for collection."
In the case of the hoops consumers are made to jump through in order to cancel subscriptions and services, the report emphasizes that the federal government has made significant inroads before to help the public.
The Consumer Financial Protection Bureau (CFPB) intervened in 2023 and stopped Toyota Motor Credit from continuing its practice of routing all consumer calls through a hotline "where representatives were instructed to keep promoting products until a consumer asked to cancel three times, at which point they were told cancellation was only possible by submitting a written request."
Under the Biden administration, the Federal Trade Commission (FTC) was lauded by consumer advocates for its click-to-cancel rule in 2024, requiring sellers to “make it as easy for consumers to cancel their enrollment as it was to sign up."
But Trump's FTC last year delayed implementation of the rule after industry groups said that "it would take a substantial amount of time to come into compliance.” A federal appeals court then effectively killed the rule altogether.
While the fees that gradually trickle out of Americans' bank accounts into the annoyance economy are often small individually, the report emphasizes that they add up—and the consequences of these business practices and the government's failure to stop them "extend beyond wasted time and money."
"When life is reduced to jumping through an endless series of hoops—just to fix a billing error, secure a refund, or cancel a subscription—it breeds cynicism and disengagement," reads the report. "If the government can remove even a few of those obstacles, we can show the American people that someone is paying attention and begin the long process of rebuilding public trust."
Keep Reading
Show Less
Sweeping Coalition Backs AOC-Sanders Bill to Cap Credit Card Interest Rates at 10%
"Working families continue to struggle with unprecedented credit card debt and deserve to see Congress take legislative action to address this growing crisis."
Feb 06, 2026
As polling continues to show US consumers are pessimistic about an economy in which they face rising costs for everything from groceries to healthcare and housing under President Donald Trump, a "historic and diverse coalition" this week called on Congress to pass a bipartisan bill that would cap credit card interest rates at 10%.
The current average credit card interest rate is nearly double that, at 19.61%, according to Bankrate. It was even higher, over 20%, when US Sens. Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) introduced the bill a year ago. Reps. Alexandria Ocasio-Cortez (D-NY) and Anna Paulina Luna (R-Fla.) lead the legislation in the House of Representatives.
Their push came in response to an unfulfilled pledge from Trump, whose campaign said in September 2024 that he "has promised to cap interest rates at 10% to provide temporary and immediate relief for hardworking Americans who are struggling to make ends meet and cannot afford hefty interest payments on top of the skyrocketing costs of mortgages, rent, groceries, and gas."
The Thursday letter to congressional leaders—signed by dozens of civil rights, consumer protection, labor, veteran, and other groups—points to that promise, as well as Trump's January social media post calling for a one-year 10% cap. It also notes that "in response to widespread Wall Street opposition to the president's recent announcement, Trump officials have begun to backtrack—instead promoting 'Trump Cards' that banks could voluntarily offer with temporary 10% interest rates."
"While the Trump administration appears to be twisting itself into knots to appease Wall Street bankers, working families continue to struggle with unprecedented credit card debt and deserve to see Congress take legislative action to address this growing crisis," the coalition stressed. "We urge your offices/committees to advance these bipartisan bills immediately and make this policy a reality."
Illustrating the need for the policy, the letter states that "Americans owe $1.21 trillion in aggregate credit card debt," "groceries now make up the majority of credit card purchases for most Americans," and "older Americans are charging everyday purchases like gas, food, healthcare expenses, and even utilities on their credit cards."
"Not only are more Americans having to lean on their credit cards to make ends meet, but more are falling behind. Today, more than 12% of credit card debt is 90 days or more past due," the letter continues. "As Americans find themselves deeper in debt, credit card companies have been raking in record profits."
The federal bill would "save families $100 billion per year and provide interest savings of $899 per person on average per year," but also "not restrict most Americans' access to credit—directly refuting common banking lobbyist talking points," the coalition explained, citing research from Vanderbilt University. "Instead, banks would absorb the rate cut through a combinationof reduced profits, reduced advertising expenses, and reduced rewards to customers with lower credit scores (who would benefit more from the rate cuts)."
It also cites a recent analysis by the letter's lead group, Protect Borrowers, showing that "credit card delinquency rates in states that President Trump won are nearly 5 percentage points higher than in other states—with states like Mississippi, Louisiana, Alabama, Arkansas and South Carolina having the highest credit card delinquency rates."
When big banks charge 24% or 30% interest on credit cards, they are not engaged in the business of "making credit available." They are involved in extortion and loan sharking.Yes, we need to cap credit card interest rates at 10% and stop Wall Street from ripping off Americans.
[image or embed]
— Senator Bernie Sanders (@sanders.senate.gov) February 2, 2026 at 4:36 PM
"By providing billions of dollars in economic relief to working families, this legislation directly responds to the promises that candidate Donald Trump made to the American people last year," the groups wrote. "Recent polling has found that it is also incredibly popular by a jaw-dropping 8-to-1 margin among American voters across all political parties, spanning age, gender, race, and education level."
"It is clear: the American people support policymakers taking action to address the growing credit card crisis that is drowning millions of American families across the country in debt," the coalition concluded. "We stand ready to work with your offices to ensure that this bill becomes law and that working families get the economic relief they were promised and deserve."
Sanders and Hawley have similarly highlighted Trump's calls for the 10% rate cap in Fox News op-eds pushing for their legislation. In a Monday piece, Sanders wrote that "when Wall Street's greed and recklessness brought the economy to the verge of collapse in 2008, causing millions of Americans to lose their homes, jobs, and life savings, the taxpayers came to the rescue."
"The Federal Reserve gave these huge banks trillions of dollars in emergency loans at virtually zero interest. We bailed out the banks," he added. "Now it's time for Congress to stand with working families, end Wall Street greed, and pass legislation that caps credit card interest rates at 10%."
Keep Reading
Show Less
Most Popular